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Winterhill Co has a standard fixed overhead recovery rate of $2.40 per labour hour, each unit of output requiring 2 hours of labour. During October, 7,050 units were made, using 14,200 hours of labour. This was 450 units fewer than were budgeted for. Fixed overheads incurred were $36,300. What is the favourable/(adverse) fixed overhead expenditure variance? Fixed overhead expenditure variance is $________ (Enter adverse variances with minus signs). |